Connect with The Transaction Tax
We can re-ignite our economy by re-inventing taxes.
We can pull the United States and Europe out of our looming debt crisis – and create millions of new jobs – by abandoning our outdated tax systems. In the US, a transaction tax of just 0.35% could raise enough revenue to balance our federal budget, while shrinking the IRS and saving trillions of dollars. At the same time, a transaction tax would dramatically reduce taxes on consumers and small businesses and spur much-needed economic growth.
How would my tax bill change?
Under a transaction tax, every individual, rich or poor, and every company, big or small, would pay the same flat tax on transactions. The tax would be progressive because wealthy individuals and corporations conduct the most transactions, and it would be fair because no interest group could avoid it through loopholes or illegal means. With everybody paying their equal share, we would all benefit from much lower tax burdens, more money in our pockets and a growing economy. In fact, you may be pleasantly shocked at your new tax bill.